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091047 1 (1974-01-01)

handle is hein.gao/gaobacudr0001 and id is 1 raw text is: ELLSWORTH H. MORSE, JR. ASSISTANT COMPTROLLER GENERAL [) j) .5 09,097 Relationship Between Internal Auditors and Independent Auditors Over the years, GAO has repeatedly stressed the importance of internal auditing in Federal agency management systems. The following remarks were delivered at the ceremony for presentation of certified internal auditor certijicates, Washington, D.C., chapter of the Institute of Internal Auditors, October 15, 1973. Internal auditors are-or they should be-an important part of the management control system of the or- ganization they serve, providing inde- pendent evaluations of performance of all kinds within the organization for the benefit and use of management of- ficials. In nongovernment organizations they are also important to owners, investors, directors or trustees, credi- tors-and even to taxpayers, whether they know it or not. Finally they are important to inde- pendent auditors. Practicing CPAs make good and full use of 'he work of internal auditors as a simple matter of generally accepted auditing proce- dures. GAO, as an independent audit agency in the legislative branch of our Government, has as its biggest job the responsibility for auditing the affairs of almost all Federal agencies and pro- viding the Congre s with information on how well Federal agencies are car- rying out their financial, management, and program responsibilities. Carrying out this responsibility in this day and age of a 8270 billion Federal budget can be no slight task. A very impor- tant factor in our decisions on specifc audits to be made-and the extent of the audits made-is the adequacy of the internal auditing being performed in the many Federal agencies. Internal auditing in the Federal Government-like the girl in the ciga- rette ads-has come a long way since the 1940s when the first great strides toward modernization of the Govern. ment's financial management system were taken. The caliber of internal au- dit staffs and their stature within their agencies have vastly and steadily im- proved. Their constructive contribu- tions to improved management and in. creased efficiency across the wide spectrum of Federal Government oper- ations are numberless and immeasur- able but substantial nevertheless. Many factors have contributed ao this progress-such as enlightened management concepts, legislative 25

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